Newmont Mining Corporation

Newmont to Begin Safely Ramping Up at Peñasquito

Retrieved on: 
Wednesday, May 13, 2020

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that the Company expects to begin safely ramping up operations at Peasquito in Mexico on May 18 following the governments designation of mining as an essential activity.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that the Company expects to begin safely ramping up operations at Peasquito in Mexico on May 18 following the governments designation of mining as an essential activity.
  • The start-up of Peasquito is expected to take roughly two weeks to reach stable production levels.
  • As we begin to ramp up, Newmont will provide an update on the Companys 2020 outlook.
  • Operations at Peasquito were placed on care and maintenance in early April following Coronavirus-related restrictions by the government of Mexico.

YAMANA GOLD ANNOUNCES STRONG PRELIMINARY FIRST QUARTER 2020 RESULTS; JACOBINA, EL PEÑÓN, AND MINERA FLORIDA EXCEED PRODUCTION TARGETS; CERRO MORO RESUMING NORMAL OPERATIONS

Retrieved on: 
Monday, April 6, 2020

El Pen produced 42,230 ounces of gold and 1.355 million ounces of silver during the quarter, which came in ahead of production targets.

Key Points: 
  • El Pen produced 42,230 ounces of gold and 1.355 million ounces of silver during the quarter, which came in ahead of production targets.
  • Minera Florida maintained the momentum from its finish to 2019, producing 22,563 ounces of gold, well ahead of production targets for the quarter.
  • Cerro Moro produced 18,743 ounces of gold and 1.374 million ounces of silver during the quarter.
  • As reported below, the government declared mining an essential service on April 3, 2020, allowing the mine to resume normal operations.

Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million

Retrieved on: 
Tuesday, March 31, 2020

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its Red Lake complex in Ontario, Canada to Evolution Mining Limited (ASX: EVN) (Evolution) and received cash proceeds of $375 million with future contingent payments of up to an additional $100 million tied to new resource discoveries.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its Red Lake complex in Ontario, Canada to Evolution Mining Limited (ASX: EVN) (Evolution) and received cash proceeds of $375 million with future contingent payments of up to an additional $100 million tied to new resource discoveries.
  • We are pleased to complete the sale of Red Lake to a highly respected and responsible operator in Evolution.
  • Under terms of the $100 million contingent payment, Evolution will pay Newmont $20 million for each one million ounces of new gold resources added to the existing Red Lake resource base over a fifteen year period.
  • The contingent payment is applicable to the first five million ounces of new resources.

Government Restrictions in Peru Require Safely Ramping Down Mining Operations at Yanacocha

Retrieved on: 
Tuesday, March 17, 2020

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that Coronavirus-related government restrictions in Peru will require safely ramping down mining operations at Yanacocha while gold production from leach pads and managing critical safety and environmental activities will continue.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that Coronavirus-related government restrictions in Peru will require safely ramping down mining operations at Yanacocha while gold production from leach pads and managing critical safety and environmental activities will continue.
  • Yanacocha has been operating normally since the beginning of the year and represents approximately three percent of the Companys 2020 attributable gold production outlook.
  • As the situation is dynamic and the duration of these restrictions uncertain, we are currently unable to determine the ultimate impact on Yanacochas production and costs for 2020.
  • The Companys world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.

Newmont Successfully Sells Stake in Continental Gold for $260 Million in Cash

Retrieved on: 
Thursday, March 5, 2020

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash.
  • The sale was part of a contractual arrangement to support Zijin Mining Groups acquisition of Continental.
  • Newmont has the strongest and most sustainable portfolio of world-class operations, projects and exploration prospects in the gold sector.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.

Newmont Announces Proposed Offering of Senior Notes

Retrieved on: 
Wednesday, March 4, 2020

Newmont Corporation (NYSE: NEM) (TSX: NGT) (Newmont or the Company) announced today its intention to offer, subject to market and other conditions, senior unsecured notes pursuant to the Companys shelf registration statement filed with the Securities and Exchange Commission.

Key Points: 
  • Newmont Corporation (NYSE: NEM) (TSX: NGT) (Newmont or the Company) announced today its intention to offer, subject to market and other conditions, senior unsecured notes pursuant to the Companys shelf registration statement filed with the Securities and Exchange Commission.
  • The notes will be guaranteed on a senior unsecured basis by the Companys subsidiary Newmont USA Limited.
  • BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as joint book-running managers for the offering.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.

Newmont to Present at BMO Global Metals & Mining Conference

Retrieved on: 
Friday, February 21, 2020

Additionally, the replay will be archived for a limited time on the Companys website.

Key Points: 
  • Additionally, the replay will be archived for a limited time on the Companys website.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.
  • The Companys world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.
  • Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices.

Newmont Brings First Autonomous Haulage Fleet to Gold Mining Industry

Retrieved on: 
Wednesday, February 19, 2020

Once fully operational in 2021, Boddington will be the worlds first open pit gold mine with an autonomous haul truck fleet.

Key Points: 
  • Once fully operational in 2021, Boddington will be the worlds first open pit gold mine with an autonomous haul truck fleet.
  • The fleet of autonomous CAT 793F mining trucks will be fully operational in 2021 at Newmonts Boddington mine in Australia and will be the first autonomous haulage system in an open pit gold mine in the world.
  • Boddington is Western Australias largest gold producer, delivering 709,000 ounces of gold and 77 million pounds of copper in 2018.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.

Newmont Declares Fourth Quarter 2019 Dividend of $0.14 per Share

Retrieved on: 
Tuesday, February 18, 2020

As previously announced , the Company plans to significantly increase its quarterly dividend by 79 percent to $0.25 per share, or an expected $1.00 per share annually, which will become effective upon approval and declaration of the first quarter dividend in April 2020.

Key Points: 
  • As previously announced , the Company plans to significantly increase its quarterly dividend by 79 percent to $0.25 per share, or an expected $1.00 per share annually, which will become effective upon approval and declaration of the first quarter dividend in April 2020.
  • Newmont is the worlds leading gold company and a producer of copper, silver, zinc and lead.
  • The Companys world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.
  • Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices.

Serabi reports highest quarter gold production for 2019, and exceeds 40,000 ounces annual gold production for the first time

Retrieved on: 
Tuesday, January 14, 2020

This was another excellent quarter, with over 10,000 ounces produced and resulting in the Company having annual production in excess of 40,000 ounces of gold for the first time in our operational history.

Key Points: 
  • This was another excellent quarter, with over 10,000 ounces produced and resulting in the Company having annual production in excess of 40,000 ounces of gold for the first time in our operational history.
  • We have now produced more than 10,000 ounces in five of the last six quarters, demonstrating strong operational consistency.
  • With the plant operating at full capacity the increased production and the operational consistency throughout the year is extremely satisfying.
  • With the process plant running so well, we look forward to the commissioning of the ore sorter during this quarter.